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lebeau. >> both sides today are digging in. saying they do not plan ongoing back to the negotiating table. here's the contract that the machinists union, about 31,000 members, rejected. 67% voted no to a new eight year contract. the members unwilling to change the pension. again, that deal would have stretched through 2024. after the vote, here's what one union member said when asked about the possibility that this no could send the 77x somewhere else. >> if they choose to take the 777x down the path they take the 787 and commit corporate suicide, it's their business, not ours. >> boeing is actively talking with citying around the country about the 777x plant. it expects to bring several thousand jobs to where the plane is built. they would last well past 2030. five cities to think about. there are a number of other cities that aren't being mentioned. salt lake city, huntsville, long beach. they've all been mentioned as potential sites. real quick, maria, if you take a look at shares of boeing, they surged to an all time high today. past $135 a share. clearly investors are betting t
of dollars into mexico where startedup expenses and rages remain reasonable. but for how long? phil lebeau is live in mexico with the latest. hi, phil. >> reporter: hi, maria. this is one of the hottest areas in the world when it comes to expanding and manufacturing. the reason why? more companies are pumping money into this country. in fact, when you look at foreign direct investment into the country of mexico, it will top $35 billion this year. much of that coming from the auto and aerospace sectors. and here's the reason why. they used to be putting most of it into china. but look at the difference in cost when you factor in wages and shipping, et cetera. the manufacturing outsourcing index makes it clear that mexico is a much more competitive place for many companies, including the ford motor company. >> mexico has proven to be a great source for our products, obviously, great high quality, the team members are very motivated. and there's a great, healthy supply base. >> reporter: there's another company that is benefiting from the boom in manufacturing here in mexico. kansas city sout
to lagging sales. our phil lebeau explains in chicago. hey, phil. >> reporter: this is about the new vehicle that lincoln has unveiled today, called the mkc. let's look at it. it's really a small crossover utility vehicle. they're calling it a small suv. but it's built on a car platform. it will start at just under $34,000. now, lincoln is hoping the mkc captures the growing demand for small suvs and luxury crossover utility vehicles. year-to-date, lincoln sales down 3%. they've had no traction at all, while the luxury market overall is up 11%. but the head of lincoln says he believes things are starting to turn around. >> as the luxury business is about brand, it's about contribution margin, and it's about customers buying the best product. and we are really pleased to see that our price on the new mkc are up almost $6,000. our hybrid mix is over 30% now, which is something we didn't expect, frankly. >> reporter: so there are some metrics that are moving in favor of lincoln, which really has been stuck in the mud for a long time. but jim farley thinks they can bring it around. the showrooms
. >> we are getting numbers on auto sales. chrysler already came out with a miss. phil lebeau has ford numbers. >> reporter: these are slightly below the estimate, overall ford for the month of october, an increase of sales of 14%. again, the street was expecting 15.5%. a couple of numbers stand out here. the best retail sales for the month of october since 2004. we usually don't focus on just one month. that is interesting. best retail sales since 2004. the f-series, it continues to be just incredible. up 63,000 in terms of total sales, up 13% for the month. that is the sixth straight month with f-series sales of greater than 60,000. guys back to you. >> phil, thank you for that. >> the stock does anything. >> i was going to ask you, you know, we've seen some of the whole sale inventory numbers showing stockpiling at auto dealers. some of the loans are stretched out. >> gm stories there about no deals, deals, i think if you don't offer these deals, you got to stay on that treadmill. these stocks have stalled. i don't know why. i'm saying that it's not as easy because europe is turning
the industry. phil lebeau is in mexico with carlos goen. phil, over to you. >> reporter: thank you, kelly. we have a busy day in new york, and also a busy day here in mexico. and carlos is joining me, chairman of nissan-renault. a lot of the plant here, why now? >> yes, we're already here. >> correct. >> we have a plant that's full. 175,000 cars a year capacity, capable of doing four cars. but it will be filled with one car, the central behind me, demand is strong in the united states, and very strong, also, in mexico. little by little, mexico is becoming an export hub for the americas. >> the weaker yen. obviously, you're more diversified than many of the japanese counterparts around the world. how much has it benefited you? does it make it a little -- put less pressure on you to diversify the base even more? >> no, i said when the end was 75 or 76, we need to hit 100 in order to -- for the end to be neutral. we're there. i think it's neutral for the moment. i don't think there's an advantage. i don't think there is a handicap. we are much more diversified than our competitors in japan. we f
satisfaction. but, of course, this comes as the car is also under some government scrutiny. phil lebeau caught up with the head of national highway safety, the safety at administration late yesterday about its investigation into the tesla s. >> once we made that decision and once we talked to tesla about that decision, they were more than open about saying we want the highest level of scrutiny, we want to cooperate with you on every level of this investigation. they feel very strongly about the quality and safety of their vehicles. we have a lot of questions to have answered. they're willing to step forward to the plate and be collaborative is very positive. >> that's a very positive statement from the government. usually it's much more contentious. take a look at what strictland had to say about how long the investigation might take. >> no time frame. we really want to get this done right. sometimes investigations take a week, sometimes they can take several months. i have no notion or real indication how long this will take. but with tesla being willing to be proactive, hopefully it will be
are not so happy about black friday. let's go to chicago. phil lebeau will have the rest of that story. >>> leanne gregg reporting for us in denver. we're going to jump real quickie to the white house because we wanted to show this to everybody. as you can see the first family is out front to welcome the christmas tree that has just arrived there at the white house. and we see the first lady along with the two dogs there and her children as well as the big christmas tree for america's house comes into view. we'll get a better shot of this but we know the president and first family, they spent the holiday at the white house yesterday. we had the listing of pies, nine different pies. yesterday the president making phone calls to our service members to thank them for their service and wish them a happy holiday. there we see the first family greeting the christmas tree that's going to be up and for everybody's viewing pleasure at the white house shortly. we see it pulled in and just amazing, look at those horses too. >>> so we take you back from the white house on to walmart as leeann had
Search Results 0 to 6 of about 7

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